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Income tax on interest on income tax refund

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 June 2012 Dear Sir/madam

Whether income tax levied on interest on income tax refund or not. and if levied then which section of income tax act 1961 is to be levied...



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CA Navin Jain

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CA Navin Jain (Expert)
14 June 2012 yes, interst on refubd is taxable under the head of income from other sources

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